-
Major rare earth firm scraps plans for £190m UK plant in favour of US
Britain's hopes of breaking free from Chinese dependence to become a critical minerals superpower were dashed yesterday when plans for a rare earth refinery were axed. UK-listed firm Pensana had planned to build the £190million Saltend site near Hull, employing 126 people, to process raw materials used in technologies such as electric cars and wind turbines. But the prospect of huge subsidies from Donald Trump's administration prompted it to ditch the idea and move its refining operations to the US. Pensana's founder and chairman Paul Atherley told the Daily Mail: 'The Treasury doesn't appear to be able to offer the ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From theguardian.com|Oct 16, 2025Critical minerals are vital for the global economy and include nickel, manganese and cobalt. Rare earths are a specific, highly useful category of critical minerals that are used ...
From scitechdaily.com|Oct 16, 2025A team of Japanese researchers discovered that adding just one silver atom to a nanocluster can boost its light-emitting efficiency by 77 times. A collaborative team from Tohoku ...
From thisismoney.co.uk|Oct 16, 2025The price of gold soared towards $4,300 for the first time yesterday – fuelling speculation it could rise as high as $5,000. Bullion hit $4,295 an ounce, taking gains for the year ...
-
- Newer Stories
From fxempire.com|Oct 16, 2025Gold (XAUUSD) price surged to a new record high, driven by safe-haven demand. The market pushed to new record levels as U.S.-China trade tensions intensified and the U.S. ...
From beemarkets.com|Oct 16, 2025|7 commentsMinneapolis Federal Reserve President Neel Kashkari said Thursday he does not think that there is a big chance the labor market will weaken sharply or inflation will surge, though ...
From counterfire.org|Oct 17, 2025|1 commentComplete with an array of central bankers and finance ministers from various countries, the annual meetings of the IMF and World Bank will unfold this week in Washington. They ...
- Story Stats
- Oct 16, 2025 9:30pm Posted byFundamental Analysis215
